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Bullboard - Stock Discussion Forum Granite Oil Corp GXOCF

Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.

OTCQX:GXOCF - Post Discussion

Granite Oil Corp > Short Attack??
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Post by lineric on Jan 09, 2018 3:33pm

Short Attack??

Really, the fundamentals of GXO look pretty good. The chart totally sucks. It seems a very risky short as there is not a lot of stock out and the company is not weak and has a good plan laid out for 2018.

I see it got hit with a serious short attack in 2015 ($10M). If those dudes have not covered they may have an interest to keep the stock down and continue to hit the bid, 

Also maybe the big investor GMT Capital may be selling out as they have a there year horizon or they may be pisssed off re the div cut. They have over 5M shares. 

In any case the big seller is Annonymous which suggests a short atttack. Especially if it combines with CIBC. There seems seems to be short artist working out of that house.
Comment by CaymanMike1 on Jan 09, 2018 3:56pm
Having the same thought.. Whit the last div cut the company balance sheet is greet. WTI @ $62 plus they pump in the bakken bassin and use there nat gas to pump. and use IPE pipeline. The sale action propose it's done to drop price. When one sale you don't hit the bid for a $0.08 drop each time. Let's see and wait..
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